In this episode of Financial Services Online, we cover Insurance Australia Group's (IAG) remarkable FY2025 performance that saw a 4.3% rise in gross written premiums and a net profit of $1.36b. Their strategic projections for FY26 anticipate a 10% growth, powered by strategic acquisitions and investment in digital and sustainability sectors. However, IAG CEO, Nick Hawkins, warns about continued insurance premium increases due to inflation and rising reinsurance costs. He also underscores the impact of climate change on the insurance sector. In other news, Australias top strata underwriting agency, CHU, revamped its residential strata insurance policies, while NSW state enhances the maintenance and repair obligations for strata properties. This daily wrap provides insights on the latest in insurance, finance, and property management sectors.n
